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Freehold Retail & Residential Investment With Development Potential
Comprises retail shop and 1-bedroom self-contained flat
The property benefits from 5 car parking spaces at rear
Rear yard offers further development potential subject to planning
Total building area size 73 sq m (786 sq ft)
Located in predominantly residential area within walking distance from kfc
Investment Consideration: Erv: £16,800 p.a. Giy ~ 7.64% VAT is not applicable to this property Comprises ground floor retail shop and 1-bedroom self-contained flat at first floor The property benefits from 5 car parking spaces at rear Rear yard offers further development potential subject to obtaining the necessary consents Total building area size 73 sq m (786 sq ft) Located in predominantly residential area within walking distance from kfc and Toolstation, amongst other retail traders.
Property Description: The property comprises ground floor retail shop and 1-Bedroom self-contained flat at first floor. The property benefits from 5 car parking spaces at rear. The residential flat has separate access at rear of the property. Development potential subject to obtaining the necessary consents. The property provides the following accommodation and dimensions:
Ground Floor: Shop 36.50 sq m (393 sq ft) First Floor: Flat 36.50 sq m (393 sq ft)
Tenancy: The retail shop tenant is holding over and has been in occupation for over 30 Years. Property can be purchased with or without the tenant in occupation. Tenant would consider signing new lease for 1 year. The first floor residential flat is at present vacant and has erv of £7,800 per annum.
Location: Gosport is not only an attractive Hampshire coastal town but is also home to the Royal Navy`s hms Sultan, the Defence School of Marine Engineering (DSMarE) and the Royal Naval Air Engineering and Survival School (rnaess). The town is situated on a peninsular to the west of Portsmouth Harbour and the city of Portsmouth to which it is linked by the Gosport Ferry. The town is located approximately 13 miles south west of Portsmouth, 19 miles south east of Southampton and 6 miles south east of Fareham. The property benefits from good road communications with the Stoke Road linking north via the A32 Forton Road to junctions 10 and 11 of the M27. The M27 in turn provides access west to the M3 at Southampton and east to the A3(M) at Havant. Portsmouth Harbour railway station, accessed via the Gosport Ferry, provides a fastest journey time to London Waterloo in 1hr 36 mins. Southampton International Airport is 20 miles to the north west, providing domestic, european and international flights. Furthermore, Gosport has three yacht marinas with over 1,400 berths attracting numerous visitors particularly over the summer months. The property is located in predominantly residential area within walking distance from kfc and Toolstation, amongst other retail traders.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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